Saudi Arabia may actually be exiting OPEC. There are serious discussions about floating the state owned oil producer Aramco. Saudi Arabia attempted to get other oil producers around the world to agree to reduce production. Saudi Arabia is looking to float Aramco if the other producers fail to agree to cut production. The problem is that […]
Why is the bill so high from the EU to Britain to exit the EU? It’s the Pensions. The EU pensions for government employees is rising dramatically. This is why the exit bill is climbing so high. They expect Britain to pay up for pensions of other EU politicians. Hm. It’s always about them! Curious!
Even in Asia the markets appear to be lacking in commitment, despite price increases day after day. The Nikkei gave-up the mornings gains, but still managed a small uptick for the close. For the third day in a row, the Yen rejects playing for long with a 113 handle, reflecting continued uncertainty. That was not the case for the Hang […]
The press release put out by the EU is just amazing. A dictator can write any law he desires declaring something to be illegal. The EU relies upon that unethical law to claim that Catalonia has no right to vote. Canada allowed Quebec to vote twice and Britain allowed Scotland to vote. Why is Catalonia […]
Central banks do not play games with the markets but it sure feels like we are being played by someone! Earlier this year the Bank of Japan, Federal Reserve and the European Central Bank all had similar balance sheets at around $4.5 trillion. As we know, over the past ten years all three have risen from lower levels but have […]
QUESTION: Hi Martin, I recently asked an Economist for a major Financial Institute the following question. Will the Fed continue to pay interest on “excess reserves” after they start to reduce their balance sheet? Their answer was yes, as it is a way to control short-term rates for private sector borrowers. I am not able […]
https://www.armstrongeconomics.com/wp-content/uploads/2017/07/Larry-Mike-Forecaster.mp4 COMMENT: Good Day; Received this in my mail. Bloody Trolls! I hope you are not affiliated as they are in Florida also. Is this website allowed to use names like Martin Armstrong and Larry Edelson? The voice sounds like the guy who bailed on you in “The Forecaster” but “had the hair stand on the […]
With core China market still closed, activity in Asia remains rather subdued. The trend is still constructive, following the steady US session but volumes continue low. The Nikkei closed up over 1% as currency drifts weaker and JGB’s are a touch softer. Hong Kong played catch-up and traded strong all day, closing over 2.25% firmer […]
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